Bidding Rules

Douglas County, Nebraska
Bidding Rules for the Annual Public Auction of Delinquent Real Estate Taxes
2021 Tax Lien Sale (for Tax Year 2019)

 

SUMMARY OF IMPORTANT INFORMATION

 

The Sale

The Douglas County Tax Lien Sale will be held via the Internet at https://douglas.nebraskataxsale.com beginning Thursday, February 4th, 2021, and ending Monday, March 1st, 2021.

The website opens for registration and research of properties beginning Thursday, February 4th, 2021.

More detailed instructions on “How the Sale Works” can be found on the Frequently Asked Questions (FAQ) page on this website.

 

Registration and Deposits

Each bidder must register on this website no later than 5:00 PM CT on Friday, February 26th, 2021 and pay a non-refundable registration fee of $25.00 in order to participate in Douglas County 2021 Tax Lien Sale.

All bidders must make a deposit BEFORE placing their bids. Deposits may begin as early as Thursday, February 4th, 2021 at 11:00 AM CT. Deposit funds are to be initiated via ACH (electronic check) on this website no later than 5:00 PM CT on Friday, February 26th, 2021.

Each bidder must make a deposit equal to $500.00 or Five percent (5%) of the total dollar amount of tax certificates the bidder anticipates winning. Final determination regarding the acceptability of any deposit is at the discretion of the Douglas County Treasurer. If a bidder’s deposit drops below Five percent (5%) of the total dollar amount of all tax certificates won, plus the amount of active bids, while there are still active bids, the active bids will not be accepted.

Each bidder will be required to complete a form online with name, address and Social Security number (or Tax I.D.). Bidders are responsible to assure that their information is correct as IRS W-9 forms, tax lien certificates, refunds and redemptions are prepared from this information.

The sequence of the published list in the local newspaper will be followed as closely as possible. Bidding process:

 

Bidding Process

Decide how much money you want to invest in tax liens for this auction. Pick a dollar amount. ($10,000 for example)

Make a deposit of exactly Five percent (5%) of that amount. The deposit is required and must be submitted before the deadline in order for your bids to be valid.

Bid on as many quality liens as you can. Your deposit will limit how much you can win no matter how many bids you place. There is no penalty for running out of deposit money. If you are fortunate enough to win all the liens you want, your remaining bids are simply ignored.

 

Terms

It is the Bidder’s responsibility to know the quality of the property on which they are paying the taxes and receiving a lien.

At the close of the auction, all successful bids are final. No changes in, or cancellation of, liens can be made after the lien is sold.

 

Payment

As a condition for participation in the Douglas County tax lien certificate auction, all bidders are required to place a deposit via ACH (electronic check).

The deposit transaction authorization will also serve as authorization for the Douglas County Treasurer's office to automatically debit your account in the amount of your auction winnings (less any applicable deposits).

At the close of the auction, if you are a successful bidder, payment for your auction balance will be automatically deducted from the account authorized to make your final payment.

It is the bidder's responsibility to ensure "good funds" are available in the authorized account by 5:30 PM CT on 03/01/2021 when the debit will be initiated.

If a winning bidder fails to pay the amount due from bidding on sales, the Treasurer may prohibit a person from participating in future sales.

 

Certificate Redemptions

All redemption funds for certificates purchased will be sent via ACH to the authorized account and routing number provided for redemptions.

 

Requirements to Participate

Registration begins at 11:00 AM CT on 02/04/2021 and ends at 5:00 PM CT on 02/26/2021.
Registration grants you access to the site only and does not guarantee participation in the Douglas County tax certificate sale.

To become a "qualified" participant in the 2021 sale, you must also comply with the participation requirements by 5:00 PM CT on Friday, February 26th, 2021.

The participation requirements in Douglas County are as follows:  

  Submit a deposit  
  Pay the registration fee  
  Enter ACH Redemption Information  

  Failure to meet ALL of the the participation requirements, by the date/time specified, will affect your ability to participate in the sale.

 

SUMMARY OF IMPORTANT DATES

 

  Bidder Accounts  
  Allow foreign bidder registrations     No  
  Single simultaneous bidder rule     No  
 
  Auction Information  
  Bidding style     Random Draw  
  0 value bids use proxy system     No  
 
  SubAccounts  
  Allow sub-accounts       No  
  Automatic certificate rollup / rollup fee     ---     ---  
 
  Auction Dates and Times  
  Registration begins (site opens)**     02/04/2021 at 11:00 AM CT  
  Deposits, Registration fees and Budgets begin     02/04/2021 at 11:00 AM CT  
  Bidding begins     02/04/2021 at 11:00 AM CT   
 
  Deposits, Registration fees and Budgets end         02/26/2021 at 5:00 PM CT     
  Participation Requirements  

 

    Submit a deposit  
  Pay the registration fee  
  Enter ACH Redemption Information  
  

  Participation Requirements Due Date     02/26/2021 at 5:00 PM CT  
  Registrations end      02/26/2021 at 5:00 PM CT  
   
  First batch closes     03/01/2021 at 5:00 PM CT  
  Batch closing interval     N/A  
  Last batch closes     03/01/2021 at 5:00 PM CT  
   
  Auxiliary batch opens      N/A  
  Auxiliary batch closes     N/A  
   
  Payment due date     03/01/2021 at 5:30 PM CT  
 
  Budget, Deposit and Payment Information    
  Deposit or Budget required (% of estimated winnings)     5%  
  Minimum deposit amount     $500.00  
  Registration Fee     $25.00  
  Registration Fee Refundable      No  
  Registration Fee Applied to Winnings      No  
   
  Deposit / Payment types acceptable:   Deposits Payments
      Budget      No     ---  
      ACH      Yes     No  
      ACH auto-debit final payment      ---     Yes  
      Wire transfers     No     No  
      Counter payments     No     No  
 
  Redemptions available via ACH?     Yes  
 
  Public Access  
  Public computers available       N/A  
 
  ** Subject to change. The site will open when approved by the county.  

 

 

 

For an explanation of any of the terms above, please visit the FAQs.

 

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